Steve Alexander reports on phishing attacks in the Minneapolis Star-Tribune.

The Times of India reports on how Remit2India has begun using PayPal as its instant remittance funds transfer backbone from the US to India. READ MORE »

Encorus and T-Mobile have introduced Europe's first cross-border interoperable m-payments system, initially serving customers in Germany and the UK.

Uniquely, Encorus has provided T-Mobile with wallet software, transaction processing and merchant acquiring services. Merchants participating in the t-zones service include Allsports, Aral, ebookers, Germanwings, getgo, OTTO, Orion, TELTIX, and WHSmith to name just a few.

Craig Douglas reports in the Wayland (MA) Town Crier on Sovereign Bancorp's deactivation and reissuance of Visa Check debit cards for some 83,000 customers.

Netcraft reports on the new kind of phishing threat posed by the Korgo worm.

The worm represents an alarming advance in phishing, as it forgoes the need to trick the end user into divulging details. Phishing trojans that monitor keystrokes are not new, but to date have required some form of response to an e-mail "bait." Korgo uses the LSASS vulnerability to auto-infect Windows systems that haven't applied the MS04-11 patch issued April 11.

The HawaiiChannel.com reports on delays in the roll out of a smart card-based transit fare collection system for city buses.